My mum owns a shop that has been in the family for years. She currently rents it out and has long term tenants. She relies on the income for this for her day to day living expenses. As things stand at the moment, my sister and myself will eventually inherit this shop in the future.
A relative recently asked her why she hadn't yet put the shop into me and my sisters names, to avoid inheritance tax in the (hopefully far off) future.
But am I correct in thinking that this would not avoid inheritance tax liability, as my mum will still need to receive the rental from the tenants?
Any advice would be gratefully received.
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Inheritance tax and property transfer
20 replies
budgiegirl · 03/06/2016 12:51
OP posts:
user1467368821 ·
01/07/2016 11:31
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